Grupo Aval Acciones Y Valores S.A. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net interest income of COP 2,728.3 billion compared to COP 2,539.8 billion a year ago. Income before income tax expense was COP 1,421.5 billion compared to COP 1,358.9 billion a year ago. Income from continued operations was COP 951.3 billion compared to COP 913.7 billion a year ago. Net income attributable to the owners of the parent company was COP 597.7 billion or COP 26.8 per share compared to COP 587.0 billion or COP 26.3 per share a year ago. ROAA was 1.6% against 1.6% a year ago. ROAE was 15.3% against 15.4% a year ago.

For the quarter, the company reported impairment loss of COP 873.4 billion compared to COP 742.9 billion a year ago.